Nickel prices surge above $16,500/ton, posting weekly gains
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Update time : 2025-03-10 17:29:54
London Metal Exchange (LME) nickel futures continued their upward trend last Friday (March 7), rising by over US$200 to surpass the US$16,500 mark.
The price increase came amid a weakening US dollar and a boost from China’s February stainless steel production growth.
Additionally, the strength of stainless steel futures supported the rise in nickel prices. As a result, nickel saw a positive weekly close, marking the highest level in four months.
